Broadridge Financial Solutions is extending the range of multi-asset processing capabilities of Gloss, its multi-currency trade processing and settlement solution, to include post-execution transaction processing for exchange-traded options. This enhancement will allow banks and brokers to focus operations of an even wider variety of asset classes on a single platform and to benefit from more streamlined processing and greater business control.
Gloss can model and process a wide range of exchange-traded options (currency, equity, index, and interest rate futures) and provide full functionality for trade capture, position-keeping, exercise (both manual and automatic) and assignment, the automation of close-out and end of day settlement, and provide additional support for the margin calculations and interfaces as required by brokers.
“Derivatives are now fully integrated into the investment process and we see an increased focus for industry participants to extend coverage to their client base,” said Robin Kneale, head of strategy and product management, securities processing solutions, international, Broadridge. “We continue to meet our commitment to provide enhanced functionality within Gloss’ technology, and enable our clients and prospects to benefit from highly efficient process management of multiple asset classes through a centralised operational view.”
Gloss’ functionality for exchange-traded options will be available for general release in April 2012.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.